Which Types of Interest Groups Are Defined as Economic Interest

question 43

Multiple Choice

Which types of interest groups are defined as economic interest groups?

• A) business, labor, and public interest groups
• B) labor, agriculture, and environmental groups
• C) business, labor, and foreign governments
• D) business, labor, and professionals
• E) professionals, agriculture, and foreign governments

---

Definitions:

Overhead Rate Variance

The difference between the actual overhead costs incurred and the standard overhead costs assigned to production.

Materials Price Variance

The difference between the actual cost of direct materials used in production and the expected (budgeted) cost of those materials.

Materials Standards

Predetermined benchmarks for the cost and quantity of materials used in the production process.

Materials Price Variance

The difference between the actual cost of materials and the expected (or standard) cost, indicating how efficiently materials are being purchased.